Frankfort Mortgage Rates & Closing Costs

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    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Frankfort averaged 7.13% for the week of 2024-04-18, compared to the national average of 7.1% for the same period.

    The average rate for the prior week (2024-04-11) was 7.11% and one month ago for the week of 2024-03-14, the average rate was 6.97%.

    Frankfort's average rate one year ago was 6.6%.

    For refis of the same type during the week of 2024-04-18, the average rate was 7%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-04-18 7.1%
    Frankfort 30 Year Fixed Rate 2024-04-18 7.13%
    Frankfort 30 Year Fixed Rate Refi 2024-04-18 7%
    Frankfort 15 Year Fixed Rate 2024-04-18 6.49%
    Frankfort 15 Year Fixed Rate Refi 2024-04-18 6.89%
    Frankfort 30 Year FHA 2024-04-18 6.96%
    Frankfort 30 Year FHA Refi 2024-04-18 7.06%
    Frankfort 30 Year USDA 2024-04-18 6.76%
    Frankfort 30 Year USDA Refi 2024-04-18 7.06%
    Frankfort 30 Year VA 2024-04-18 6.76%
    Frankfort 30 Year VA Refi 2024-04-18 6.76%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Frankfort, IN.

    Frankfort Top Lenders by Rates & Fees

    The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the Frankfort, IN market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    RUOFF MORTGAGE COMPANY, INC. 52 6.98% $2,990
    Regions Bank 20 7.04% $3,810
    First Merchants Bank 14 6.63% $2,739
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 11 7.36% $3,604
    UNITED WHOLESALE MORTGAGE, LLC 10 7.49% $3,064
    PURDUE FEDERAL CREDIT UNION 10 6.79% $1,980
    QUICKEN LOANS, LLC 7 7.07% $4,923
    Centier Bank 6 7.19% $1,418
    GVC MORTGAGE, INC. 4 6.90% $4,135
    First Farmers Bank and Trust Company 3 7.29% $1,863
    Security Federal Savings Bank 3 7.42% $2,221
    THRIVE MORTGAGE, LLC 3 6.75% $2,816
    Bank of England 2 7.13% $6,083
    CALIBER HOME LOANS, INC. 2 7.06% $4,877
    Prosperity Home Mortgage, LLC 2 7.06% $2,831
    CMG MORTGAGE, INC. 2 7.87% $3,684
    The Huntington National Bank 2 6.69% $2,993
    Farm Credit Mid-America, ACA 2 7.19% $5,050
    NEWREZ LLC 2 7.75% $4,552
    Fifth Third Bank 2 6.50% $4,299
    First Option Mortgage, LLC 2 7.81% $4,943
    Horizon Bank 2 6.94% $3,079
    INDIANA MEMBERS CREDIT UNION 2 6.31% $2,795
    1st Source Bank 2 7.06% $3,553
    Industrial Federal Credit Union 2 6.69% $1,999
    LOANDEPOT.COM, LLC 2 6.31% $5,241
    MILESTONE HOME LENDING, LLC 2 7.50% $4,021
    ROYAL UNITED MORTGAGE LLC 2 7.50% $4,061
    MOVEMENT MORTGAGE, LLC 2 6.44% $5,001
    Wolfe Financial, Inc 1 6.88% $2,708
    AMERISAVE MORTGAGE CORPORATION 1 6.25% $5,304
    CROSSCOUNTRY MORTGAGE, LLC 1 7.45% $6,048
    Discover Bank 1 7.09% $0
    First Financial Bank 1 6.38% $3,097
    Flagstar Bank, FSB 1 6.99% $4,535
    Flanagan State Bank 1 7.88% $2,938
    FREEDOM MORTGAGE CORPORATION 1 6.75% $3,470
    HALLMARK HOME MORTGAGE, LLC 1 6.50% $6,114
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 7.13% $2,938
    HOMESIDE FINANCIAL, LLC 1 6.50% $2,589
    Old National Bank 1 7.13% $2,377
    PANORAMA MORTGAGE GROUP, LLC 1 7.13% $4,085
    Paramount Residential Mortgage Group, Inc. 1 7.99% $17,311
    PENNYMAC LOAN SERVICES, LLC 1 6.88% $2,880
    PNC Bank 1 6.25% $2,811
    Servion, Inc. 1 6.38% $1,995
    SUCCESS MORTGAGE PARTNERS, INC. 1 7.38% $15,479
    TEACHERS CREDIT UNION 1 7.50% $2,582
    The Fountain Trust Company 1 6.88% $2,665
    The State Bank and Trust Company 1 8.00% $2,646
    Union Savings Bank 1 6.88% $3,232
    Wells Fargo Bank 1 6.75% $2,940
    WINTERWOOD MORTGAGE GROUP, LLC 1 6.50% $3,200

    Frankfort Average Closing Costs & Other Stats

    Frankfort, IN's 53 lenders originated 754 loans during 2023. The total origination value was $102,150,000, with an average loan value of $135,477.

    Frankfort's average closing costs are $3,670.

    The top Frankfort lender as defined by loan originations is RUOFF MORTGAGE COMPANY, INC., with 52 loans originated. Their average total fees are $2,990, which is $820 lower than the next largest lender, Regions Bank.

    The lowest fee Frankfort lenders (with over 10 loans originated) are PURDUE FEDERAL CREDIT UNION ($1,980), First Merchants Bank ($2,739), RUOFF MORTGAGE COMPANY, INC. ($2,990), UNITED WHOLESALE MORTGAGE, LLC ($3,064) and FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($3,604).

    The lowest rate Frankfort lenders (with over 10 loans originated) are First Merchants Bank (6.63%), PURDUE FEDERAL CREDIT UNION (6.79%), RUOFF MORTGAGE COMPANY, INC. (6.98%), Regions Bank (7.04%) and FAIRWAY INDEPENDENT MORTGAGE CORPORATION (7.36%).

    Frankfort, IN Mortgage Market Share & Volume

    Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.

    Name 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
    The Farmers Bank, Frankfort, Indiana $20,970,000 $15,905,000 -24.2% 15.6%
    RUOFF MORTGAGE COMPANY, INC. $21,735,000 $14,130,000 -35.0% 13.8%
    Regions Bank $12,085,000 $6,180,000 -48.9% 6.0%
    First Merchants Bank $5,765,000 $4,950,000 -14.1% 4.8%
    QUICKEN LOANS, LLC $3,985,000 $4,120,000 3.4% 4.0%
    UNITED WHOLESALE MORTGAGE, LLC $4,070,000 $3,265,000 -19.8% 3.2%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $2,630,000 $2,850,000 8.4% 2.8%
    PURDUE FEDERAL CREDIT UNION $9,130,000 $2,805,000 -69.3% 2.7%
    Centier Bank $3,015,000 $2,530,000 -16.1% 2.5%
    Merchants Bank of Indiana $1,990,000 n/a 1.9%
    THRIVE MORTGAGE, LLC $1,435,000 n/a 1.4%
    NEWREZ LLC $260,000 $1,345,000 417.3% 1.3%
    CALIBER HOME LOANS, INC. $3,555,000 $1,325,000 -62.7% 1.3%
    GVC MORTGAGE, INC. $1,395,000 $1,175,000 -15.8% 1.2%
    MOVEMENT MORTGAGE, LLC $280,000 $1,165,000 316.1% 1.1%
    NAVY FEDERAL CREDIT UNION $1,100,000 n/a 1.1%
    PNC Bank $520,000 $1,090,000 109.6% 1.1%
    HALLMARK HOME MORTGAGE, LLC $3,220,000 $1,020,000 -68.3% 1.0%
    Farm Credit Mid-America, ACA $1,255,000 $1,015,000 -19.1% 1.0%
    Industrial Federal Credit Union $800,000 $1,005,000 25.6% 1.0%
    The Fountain Trust Company $1,175,000 $1,000,000 -14.9% 1.0%
    PENNYMAC LOAN SERVICES, LLC $420,000 $990,000 135.7% 1.0%
    Security Federal Savings Bank $175,000 $975,000 457.1% 1.0%
    FREEDOM MORTGAGE CORPORATION $725,000 $845,000 16.6% 0.8%
    Horizon Bank $755,000 $790,000 4.6% 0.8%
    Prosperity Home Mortgage, LLC $765,000 n/a 0.7%
    The Home National Bank of Thorntown $575,000 $765,000 33.0% 0.7%
    State Bank of Lizton $185,000 $745,000 302.7% 0.7%
    Wolfe Financial, Inc $1,045,000 $740,000 -29.2% 0.7%
    Union Savings Bank $285,000 $655,000 129.8% 0.6%
    Terre Haute Savings Bank $645,000 n/a 0.6%
    Fifth Third Bank $300,000 $590,000 96.7% 0.6%
    1st Source Bank $55,000 $555,000 909.1% 0.5%
    RF Renovo Management Company, LLC $605,000 $545,000 -9.9% 0.5%
    CROSSCOUNTRY MORTGAGE, LLC $1,085,000 $540,000 -50.2% 0.5%
    First Farmers Bank and Trust Company $755,000 $535,000 -29.1% 0.5%
    Old National Bank $820,000 $535,000 -34.8% 0.5%
    First Financial Bank $140,000 $530,000 278.6% 0.5%
    INDIANA MEMBERS CREDIT UNION $510,000 n/a 0.5%
    Flanagan State Bank $505,000 n/a 0.5%
    The Huntington National Bank $1,040,000 $495,000 -52.4% 0.5%
    Bank of England $105,000 $480,000 357.1% 0.5%
    SUCCESS MORTGAGE PARTNERS, INC. $465,000 n/a 0.5%
    Paramount Residential Mortgage Group, Inc. $205,000 $455,000 122.0% 0.4%
    Carrington Mortgage Services, LLC $385,000 $450,000 16.9% 0.4%
    JPMorgan Chase Bank $1,125,000 $450,000 -60.0% 0.4%
    1ST SIGNATURE LENDING, LLC $445,000 n/a 0.4%
    TOP FLITE FINANCIAL, INC. $410,000 n/a 0.4%
    LOANDEPOT.COM, LLC $610,000 $405,000 -33.6% 0.4%
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. $580,000 $400,000 -31.0% 0.4%
    Mortgage Research Center, LLC $1,940,000 $370,000 -80.9% 0.4%
    MICHIGAN MUTUAL, INC. $355,000 n/a 0.3%
    ZILLOW HOME LOANS, LLC $135,000 $355,000 163.0% 0.3%
    BROKER SOLUTIONS, INC. $555,000 $340,000 -38.7% 0.3%
    First Option Mortgage, LLC $135,000 $330,000 144.4% 0.3%
    21ST MORTGAGE CORPORATION $80,000 $325,000 306.3% 0.3%
    CMG MORTGAGE, INC. $515,000 $280,000 -45.6% 0.3%
    MJW Financial LLC $165,000 $280,000 69.7% 0.3%
    Mr. Cooper ( Nationstar Mortgage ) $445,000 $280,000 -37.1% 0.3%
    SPRING EQ, LLC $35,000 $280,000 700.0% 0.3%
    Discover Bank $270,000 n/a 0.3%
    PANORAMA MORTGAGE GROUP, LLC $1,325,000 $270,000 -79.6% 0.3%
    NEW DAY FINANCIAL, LLC $175,000 $265,000 51.4% 0.3%
    TIB The Independent Bankersbank $260,000 n/a 0.3%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $75,000 $255,000 240.0% 0.2%
    The State Bank and Trust Company $255,000 n/a 0.2%
    MILESTONE HOME LENDING, LLC $435,000 $250,000 -42.5% 0.2%
    Figure Lending LLC $80,000 $240,000 200.0% 0.2%
    LAKEVIEW LOAN SERVICING, LLC $715,000 $240,000 -66.4% 0.2%
    FAIR WAY LENDING LLC $460,000 $235,000 -48.9% 0.2%
    Blue Ridge Bank $225,000 n/a 0.2%
    ROYAL UNITED MORTGAGE LLC $225,000 n/a 0.2%
    TEACHERS CREDIT UNION $145,000 $220,000 51.7% 0.2%
    Barrington Bank & Trust Company, N.A. $215,000 n/a 0.2%
    Plains Commerce Bank $215,000 n/a 0.2%
    RELIANCE FIRST CAPITAL, LLC $145,000 $215,000 48.3% 0.2%
    Elements Financial Federal Credit Union $290,000 $210,000 -27.6% 0.2%
    PLAZA HOME MORTGAGE, INC. $250,000 $205,000 -18.0% 0.2%
    Truist $205,000 n/a 0.2%
    TUCKER MORTGAGE, LLC $205,000 n/a 0.2%
    AMERISAVE MORTGAGE CORPORATION $525,000 $200,000 -61.9% 0.2%
    GUILD MORTGAGE COMPANY $200,000 n/a 0.2%
    FIRST COMMUNITY MORTGAGE, INC. $185,000 n/a 0.2%
    PRIMARY RESIDENTIAL MORTGAGE, INC. $280,000 $185,000 -33.9% 0.2%
    MUTUAL OF OMAHA MORTGAGE, INC. $300,000 $170,000 -43.3% 0.2%
    AMERICAN FINANCIAL NETWORK, INC. $165,000 n/a 0.2%
    CLEARPATH LENDING $205,000 $165,000 -19.5% 0.2%
    HOMESIDE FINANCIAL, LLC $125,000 $165,000 32.0% 0.2%
    Servion, Inc. $340,000 $165,000 -51.5% 0.2%
    OPEN MORTGAGE, LLC $145,000 n/a 0.1%
    Wells Fargo Bank $975,000 $145,000 -85.1% 0.1%
    WINTERWOOD MORTGAGE GROUP, LLC $145,000 n/a 0.1%
    Hoosier Heartland State Bank $310,000 $135,000 -56.5% 0.1%
    MID AMERICA MORTGAGE, INC. $165,000 $135,000 -18.2% 0.1%
    PLANET HOME LENDING, LLC $290,000 $135,000 -53.4% 0.1%
    USAA Federal Savings Bank $135,000 n/a 0.1%
    Bank of America $130,000 n/a 0.1%
    MORTGAGE SOLUTIONS OF COLORADO, LLC $125,000 n/a 0.1%
    The Federal Savings Bank $450,000 $115,000 -74.4% 0.1%
    American Mortgage & Equity Consultants, Inc. $95,000 n/a 0.1%
    FINANCIAL BUILDERS Federal Credit Union $110,000 $90,000 -18.2% 0.1%
    Third Federal Savings and Loan Association of Cleveland $85,000 n/a 0.1%
    Citizens Bank $35,000 $75,000 114.3% 0.1%
    Flagstar Bank, FSB $285,000 $75,000 -73.7% 0.1%
    The Farmers and Merchants Bank $135,000 $55,000 -59.3% 0.1%
    FORUM Credit Union $180,000 $35,000 -80.6% 0.0%
    Solidarity Community Federal Credit Union $430,000 $35,000 -91.9% 0.0%
    Community First Bank of Indiana $4,205,000 $25,000 -99.4% 0.0%

    Frankfort's top lender by overall market share is The Farmers Bank, Frankfort, Indiana, with 15.6% market share. In second place, with 13.8%, is RUOFF MORTGAGE COMPANY, INC., having originated $14,130,000 in loans. In third place, with 6.0%, is Regions Bank, having originated $6,180,000 in loans. In fourth place, with 4.8%, is First Merchants Bank, having originated $4,950,000 in loans. In fifth place, with 4.0%, is QUICKEN LOANS, LLC, having originated $4,120,000 in loans.

    Frankfort Housing Market Trends (Median, Average Prices & Listing Count)

    Realtor.com - Frankfort (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $75,725 (13.2%) $108,400 (13.7%) 0.00 66
    2018-02-01 $75,725 (8.3%) $107,483 (12.7%) 0.00 58
    2018-03-01 $76,000 (1.2%) $114,098 (14.7%) 0.00 53
    2018-04-01 $100,500 (27.2%) $145,837 (32.5%) 0.00 59
    2018-05-01 $97,475 (20.8%) $143,756 (31.0%) 0.00 56
    2018-06-01 $109,900 (27.6%) $145,107 (34.3%) 0.00 59
    2018-07-01 $111,225 (34.2%) $140,821 (22.2%) 0.00 77
    2018-08-01 $121,150 (39.9%) $145,430 (21.5%) 0.00 84
    2018-09-01 $117,450 (38.2%) $146,619 (18.1%) 0.00 68
    2018-10-01 $106,975 (33.8%) $146,521 (25.1%) 0.00 73
    2018-11-01 $132,450 (67.5%) $157,641 (34.9%) 0.00 72
    2018-12-01 $134,950 (71.9%) $152,286 (33.2%) 0.00 70
    2019-01-01 $138,500 (82.9%) $150,714 (39.0%) 0.00 69
    2019-02-01 $134,900 (78.1%) $153,561 (42.9%) 0.00 63
    2019-03-01 $138,043 (81.6%) $158,108 (38.6%) 0.00 53
    2019-04-01 $139,018 (38.3%) $156,875 (7.6%) 0.00 47
    2019-05-01 $138,800 (42.4%) $160,629 (11.7%) 0.00 51
    2019-06-01 $138,772 (26.3%) $150,715 (3.9%) 0.00 52
    2019-07-01 $140,361 (26.2%) $157,178 (11.6%) 0.00 52
    2019-08-01 $135,988 (12.3%) $165,468 (13.8%) 0.00 54
    2019-09-01 $135,714 (15.6%) $174,450 (19.0%) 0.00 58
    2019-10-01 $134,650 (25.9%) $176,521 (20.5%) 0.00 63
    2019-11-01 $129,450 (-2.3%) $165,471 (5.0%) 0.00 54
    2019-12-01 $107,975 (-20.0%) $162,319 (6.6%) 0.00 51
    2020-01-01 $104,850 (-24.3%) $155,750 (3.3%) 0.00 51
    2020-02-01 $94,500 (-30.0%) $150,596 (-1.9%) 0.00 44
    2020-03-01 $82,575 (-40.2%) $141,127 (-10.7%) 0.00 36
    2020-04-01 $90,750 (-34.7%) $146,484 (-6.6%) 0.00 36
    2020-05-01 $115,000 (-17.2%) $151,290 (-5.8%) 0.00 36
    2020-06-01 $119,950 (-13.6%) $163,642 (8.6%) 0.00 38
    2020-07-01 $119,900 (-14.6%) $141,338 (-10.1%) 0.00 29
    2020-08-01 $137,000 (0.7%) $137,629 (-16.8%) 0.00 23
    2020-09-01 $119,900 (-11.7%) $135,613 (-22.3%) 0.00 28
    2020-10-01 $110,450 (-18.0%) $124,323 (-29.6%) 0.00 33
    2020-11-01 $118,900 (-8.2%) $130,819 (-20.9%) 0.00 29
    2020-12-01 $117,450 (8.8%) $125,242 (-22.8%) 0.00 30
    2021-01-01 $129,950 (23.9%) $128,971 (-17.2%) 0.00 27
    2021-02-01 $137,500 (45.5%) $145,584 (-3.3%) 0.00 21
    2021-03-01 $141,200 (71.0%) $154,716 (9.6%) 0.00 14
    2021-04-01 $134,500 (48.2%) $159,747 (9.1%) 0.00 24
    2021-05-01 $136,950 (19.1%) $184,765 (22.1%) 0.00 15
    2021-06-01 $136,950 (14.2%) $198,667 (21.4%) 0.00 17
    2021-07-01 $129,900 (8.3%) $211,881 (49.9%) 0.00 21
    2021-08-01 $171,225 (25.0%) $213,718 (55.3%) 0.00 27
    2021-09-01 $172,450 (43.8%) $201,717 (48.8%) 0.00 35
    2021-10-01 $165,000 (49.4%) $184,151 (48.1%) 0.00 38
    2021-11-01 $170,925 (43.8%) $216,908 (65.8%) 0.00 34
    2021-12-01 $148,925 (26.8%) $203,365 (62.4%) 0.00 36
    2022-01-01 $141,000 (8.5%) $217,751 (68.8%) 0.00 24
    2022-02-01 $141,875 (3.2%) $210,247 (44.4%) 0.00 23
    2022-03-01 $143,125 (1.4%) $197,843 (27.9%) 0.00 24
    2022-04-01 $159,900 (18.9%) $209,917 (31.4%) 0.00 25
    2022-05-01 $158,675 (15.9%) $225,672 (22.1%) 0.00 31
    2022-06-01 $161,225 (17.7%) $225,680 (13.6%) 0.00 37
    2022-07-01 $169,900 (30.8%) $230,602 (8.8%) 0.00 40
    2022-08-01 $175,725 (2.6%) $219,785 (2.8%) 0.00 41
    2022-09-01 $179,075 (3.8%) $218,968 (8.6%) 0.00 33
    2022-10-01 $165,000 (0.0%) $192,812 (4.7%) 0.00 35
    2022-11-01 $177,475 (3.8%) $200,666 (-7.5%) 0.00 34
    2022-12-01 $184,900 (24.2%) $204,916 (0.8%) 0.00 33
    2023-01-01 $174,450 (23.7%) $195,825 (-10.1%) 0.00 29
    2023-02-01 $167,000 (17.7%) $195,767 (-6.9%) 0.00 28
    2023-03-01 $204,500 (42.9%) $224,538 (13.5%) 0.00 24
    2023-04-01 $229,500 (43.5%) $225,167 (7.3%) 0.00 24
    2023-05-01 $234,975 (48.1%) $262,508 (16.3%) 0.00 24
    2023-06-01 $265,500 (64.7%) $277,025 (22.8%) 0.00 25
    2023-07-01 $259,000 (52.4%) $287,096 (24.5%) 0.00 27
    2023-08-01 $219,325 (24.8%) $271,360 (23.5%) 0.00 31
    2023-09-01 $239,700 (33.9%) $267,793 (22.3%) 0.00 31
    2023-10-01 $244,450 (48.2%) $265,830 (37.9%) 0.00 38
    2023-11-01 $230,392 (29.8%) $253,812 (26.5%) 0.00 39
    2023-12-01 $228,233 (23.4%) $252,687 (23.3%) 0.00 31
    2024-01-01 $222,500 (27.5%) $257,857 (31.7%) 0.00 26
    2024-02-01 $248,750 (49.0%) $257,963 (31.8%) 0.00 23
    2024-03-01 $265,000 (29.6%) $275,840 (22.9%) 0.00 26
    Frankfort's median listing price for 2024-03-01 was $265,000, a difference of $60,500 (29.6%) versus the prior year and $16,250 versus the prior month.

    Frankfort's median listing price comes in at 0% of the national average.

    Frankfort's average listing price for 2024-03-01 was $275,840, a difference of $51,302 (22.9%) versus the prior year and $17,877 versus the prior month.

    For the 2024-03-01 period, Frankfort had 26 MLS listings, a difference of 3 listings (13%) versus the prior month and 2 listings (8%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Frankfort (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,526 sqft
    2018-02-01 0 days 1,533 sqft
    2018-03-01 0 days 1,543 sqft
    2018-04-01 0 days 1,829 sqft
    2018-05-01 0 days 1,823 sqft
    2018-06-01 0 days 1,693 sqft
    2018-07-01 0 days 1,530 sqft
    2018-08-01 0 days 1,777 sqft
    2018-09-01 0 days 1,824 sqft
    2018-10-01 0 days 1,816 sqft
    2018-11-01 0 days 1,908 sqft
    2018-12-01 0 days 1,954 sqft
    2019-01-01 0 days 1,968 sqft
    2019-02-01 0 days 1,935 sqft
    2019-03-01 0 days 1,912 sqft
    2019-04-01 0 days 1,850 sqft
    2019-05-01 0 days 2,010 sqft
    2019-06-01 0 days 1,792 sqft
    2019-07-01 0 days 1,736 sqft
    2019-08-01 0 days 1,714 sqft
    2019-09-01 0 days 1,733 sqft
    2019-10-01 0 days 1,748 sqft
    2019-11-01 0 days 1,729 sqft
    2019-12-01 0 days 1,699 sqft
    2020-01-01 0 days 1,648 sqft
    2020-02-01 0 days 1,722 sqft
    2020-03-01 0 days 1,736 sqft
    2020-04-01 0 days 1,770 sqft
    2020-05-01 0 days 1,807 sqft
    2020-06-01 0 days 2,064 sqft
    2020-07-01 0 days 1,978 sqft
    2020-08-01 0 days 1,904 sqft
    2020-09-01 0 days 1,584 sqft
    2020-10-01 0 days 1,581 sqft
    2020-11-01 0 days 1,657 sqft
    2020-12-01 0 days 1,668 sqft
    2021-01-01 0 days 1,656 sqft
    2021-02-01 0 days 1,969 sqft
    2021-03-01 0 days 1,820 sqft
    2021-04-01 0 days 1,798 sqft
    2021-05-01 0 days 1,750 sqft
    2021-06-01 0 days 1,590 sqft
    2021-07-01 0 days 1,640 sqft
    2021-08-01 0 days 1,748 sqft
    2021-09-01 0 days 1,826 sqft
    2021-10-01 0 days 1,622 sqft
    2021-11-01 0 days 1,656 sqft
    2021-12-01 0 days 1,622 sqft
    2022-01-01 0 days 1,715 sqft
    2022-02-01 0 days 1,499 sqft
    2022-03-01 0 days 1,446 sqft
    2022-04-01 0 days 1,574 sqft
    2022-05-01 0 days 1,607 sqft
    2022-06-01 0 days 1,625 sqft
    2022-07-01 0 days 1,820 sqft
    2022-08-01 0 days 1,696 sqft
    2022-09-01 0 days 1,652 sqft
    2022-10-01 0 days 1,646 sqft
    2022-11-01 0 days 1,726 sqft
    2022-12-01 0 days 1,714 sqft
    2023-01-01 0 days 1,691 sqft
    2023-02-01 0 days 1,598 sqft
    2023-03-01 0 days 1,712 sqft
    2023-04-01 0 days 1,691 sqft
    2023-05-01 0 days 1,796 sqft
    2023-06-01 0 days 1,806 sqft
    2023-07-01 0 days 1,824 sqft
    2023-08-01 0 days 1,829 sqft
    2023-09-01 0 days 1,795 sqft
    2023-10-01 0 days 1,804 sqft
    2023-11-01 0 days 1,783 sqft
    2023-12-01 0 days 1,749 sqft
    2024-01-01 0 days 1,751 sqft
    2024-02-01 0 days 1,771 sqft
    2024-03-01 0 days 1,772 sqft
    Frankfort's median listing age (time on market) for 2024-03-01 was 0 days.

    Frankfort's median square footage for active listings during the 2024-03-01 period was 1,772 sqft. One year prior, the average listing was 1,712 sqft.

    Frankfort, IN Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 383 $70,385,000 $183,773
    Cash Out Refi 116 $13,400,000 $115,517
    Home Improvement 104 $6,570,000 $63,173
    Refi 77 $6,815,000 $88,506
    Other 74 $4,980,000 $67,297

    Frankfort's most frequently cited loan purpose was Home Purchase, with 383 originations. The 2nd most popular reason was Cash Out Refi, with 116 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 205 $33,755,000 $164,659
    7-8% 173 $29,135,000 $168,410
    Over 8% 117 $11,555,000 $98,761
    5-6% 45 $6,855,000 $152,333
    <2.5% 10 $80,000 $8,000
    3-4% 5 $605,000 $121,000
    4-5% 2 $470,000 $235,000

    During 2023, Frankfort's most frequently originated rate bucket was 6-7%, with 205 originations.

    Loan Sizing (Frankfort, IN MSA)

    Loan Size Originations Total Value Average Loan
    $100,000 or less 312 $16,050,000 $51,442
    $100k-200k 291 $42,135,000 $144,794
    $200k-400k 137 $34,895,000 $254,708
    $400k-600k 8 $3,750,000 $468,750
    $600k-1000k 4 $2,710,000 $677,500
    $Over $1MM 2 $2,610,000 $1,305,000

    Frankfort's loan sizing saw the bucket of loans from $100,000 or less with 312 originations, totaling $16,050,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 267 $51,455,000 $192,715
    60-80% 89 $15,935,000 $179,045
    20-40% 75 $5,325,000 $71,000
    Under 20% 74 $3,620,000 $48,919
    40-60% 53 $5,845,000 $110,283
    Over 100% 2 $300,000 $150,000

    Frankfort's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 267 originations, totaling $51,455,000 in origination value.